St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-12
On the Chicago Board Of Trade the Feel
ing in Wheat was Somewhat
Unsettled.
Prices Ruled Lower Despite Unfavorable
Reports from Several of the West
ern States.
An Increase in the Visible supply
Causes Astonishment Among
Operators.
transactions in the Financial Circles
of Wall Street-General
Quotations.
Special to the Globe.

CHICAGO. April l1.-Guesses and theories
m the wheat CLIQUE are still in vogue. 1t is
Known that the inquiries which were started
@ trace the amount of wheat bought by the
hree CLIQUE houses, Kershaw s. Co., Rosen-
cid & Co. and Irwin, Green Co., discovered
,nly l3,U00 900 bushels; but it is also true thae
only forty-seven different houses mace answer
% the INQUIRIES. A gentleman who ran niue
,at deal once in this market says IN that aeai
lie was surprised to find $50 different nrms
ihort to him. He argues that If lou nrmS were
hort on q petty oat deal. 800 houses would
De short on a wheat corner. He also pro-
pounds this sum i'll proportions: III iory-
,eyeu houses report shortage to the Clique
Of $4,000, 900 bushels, how much would De the
shortage of 200 differ ent tirmsT' +. u. ar
mour. who started for New York this even
ing. said: NV wheat will be delivered out
May because
THERE Is NOT SPREAD ENOUGH
to nav for carrying. 1t would, however, go
out any way, as l want the money 1or some
thing else Armour is supposed to own
500 600 bushels OF cash wheat in this ana
other cities. May wheat this morning sou
down from S31S to $3.50 on the promise solely
OF the weather bureau at Washington. For
several DAYS rain has beerfpromised. and be-
cause the predictions were not realized the
market has been excited and hlgher. Inc
advance on Friday above 81 cents Tor May
promises to materiallZe. wettlng down III
Northern California on Saturday, however.
broke the price TO S312c, and pretty hperai
fall in Nebraska, Northern Kansas ana
Northern Texas made the feeling so tnucn
easier this morning that May sold under S3c.
The commission houses took no share IN the
trading about the wheat pit early. Neither
the clique houses nor the houses that oper-
ate for the people outside OF the Clique were
doing anything Up to the time OF the an
nouncement of the visible supply ngures-
The scalpers were doing the selling and doing
il recklessly. 1t was known quite early that
the visible supply figures of wheat were gong
TO be disappointing. The decrease estimated
last week was very large, and the actual oe-
crease for the same week year ago was
large. The market generally did NOT under-
stand how. with such liberal exports, the
stock in sight was so little affected.
THE ROUTINE REPORT.
CHICAGO April 1.-THE feeling was unset
tied in wheat to-day and prices ruled lower.
California advices reported rain in that state,
but the crop news fromOhio, Missouri and Kan
sas was unfavorable. The visible supply was
great surprise Operators had calculated
lpon a fair decrease and were not prepared
for an increase, which aggregated 330UOU
push. The clearings from the seaboard were
light for Saturday, aggregatlng only 9o,UUO
bush. The market opened at about Satur-
days closing prices, with May at S3sac, but
these bearsh influences caused break OF "a
G7sc, followed by rally of re. but toward
the close of the afternoon board values again
declined and the market closed at about the
inside figures. Corn was moderately active
and weak early in the session, but gradually
became firmer and closed shade higher than
On Saturday. The increase of 330,O00 DuSh.
n the visible supply was the cause OF the
early weakness, but with larger clearings
Ind fair shipping inquiry values improved.
The arrivals of oats was small and the mar
tet ruled steady, closing without any material
change. Mess pork was unchanged. Lard
was active and stronger. Prices were
advanced 15@171$c per 100 lbs, with good
inquiry from "shorts," and the market
closed at nearly outside prices. Short ribs
we're in very active speculative demand
Prices advanced 35@371ac per 100 lbs, re-
eeded T15@IOc, rallied again and closed for
fine day at top figures.
THE QUOTATIONS..
Wheat-No. 2, April, opened at 7s1sc. clos
ing at TIC; May, S5asc, closing at S2a4c:
June, SIC, closing at S11ac: July, S1s4c. clos
ing at size. Corn-No. 2, April. 1890, closing
1t 34ssc: May, 1880, closing at 391&c; June,
lO5ac. closing at 405sc: July, 42c, closing
at 42Ac. Oats-No. 2 April, Csc. closing
at 2514c; May, 291ac, closing at 29Ac; June,
at 3O7sc. Mess pork, per barrel-April,
s20.75, closing at S20.75; May. 81, closing
s21; june S21, closing at $21. Lard, per
100 pounds-April, S7.35. closing at $7.45;
May, $7.4O, closing at $3.50; June, 81 .47R clos
ing at $3.50; July. S7;55, closing at
IS. 10, closing at So. 4s11a; May, $500, closing
at Ss.47%; June, $40, closing at
sS.57%; July. $40, closing at $50.
Cash quotations were as follows: Flour
quiet and unchanged. Wheat-No. spring,
571a@so24c; No. spring, nc: Corn-No.
No. 2, $40. Barley-No. 2, SIC. Flax
Seed-No. l, S1.04. Timothy Seed-Prime
$1.12. Mess pork. per Dbl, S2O50@2O IS. Lard,
per 100 lbs, ST.45. Short ribs sides, loose
SS.4251.z; dry sailed shoulders, boxed, $1,000
6.25; short clear sides. boxed, Ss.6O@s.65.
Whisky, distillers finished goods per GAL
Sl.1S. Sugar-Cut loaf, 614@65sc; granu-
lated, SIC; standard A, 55Sc. Receipts
Flour. 200 bbls; wheat, $4,000 bu: corn,
5l2,0Oe blu: oats, 10000 bu; rye. 5000 bu;
barley 600 bu. Shipments-Flour, $1,000
bbls; wheat, $4,000 blu: corn. $4,000 bu:
oats, 10000 bu: rye, 1900 blu: barley. 1900
blu. On the produce exchange to-day the
butter market was quiet; creamery, 23@2Sc
per %; dairy, 21@25c. Eggs steady, 12@121%c.
r. M. NEW PORT & SON,
Investment Bankers, 152,l53, l54 Drake Block,
Loan Money on Improved Real Estate Security, at
8. So, 7, TX and 8 per cent.
On shortest notice for any amounts.
Duluth Wheat.
Special TO the Globe.
DULUTH, Mimi, April 1.-THE visible SUD-
ply showed large increase this morning,
contrary to the expected decrease which pre-
vailed Saturday. Prices were put down by
the shorts, who were vigorously hammering
the market. Long before the visible was an
nounced the effect had been discounted, and
the fact that May was at its lowest point, &c
below Saturdays close, showed that but for
the disappointment in the visible there would
have been a strong market. The increase in
wheat is hard to understand. AT the sea-
board the excess of shipments over the re-
ceipts for the week, as given in the daily re-
ports was nearly LOCO, 600 bushels, and the
excess in New York, where q decrease
of $4,000 bushels in stock is re-
ported, was 100000 bushels. The cold
wave to-day had considerable effect in pre-
venting q big break. Another element con-
tributing to firmness is the fact that big
line OF short wheat is believed to be out The
close here was steady. May wheat opened
1sc below Saturdays close at 7S34c declined
TO 7S1ac, firmed up and closed at TS5Sc sellers.
June opened at S0Hc. sold down to soc, firmed
up to S019c, and closed with sellers at that.
July ranged from Si5sc down to 8I3Sc closing
at that figure. September sold and closed at
s214c. Afternoon board-May sold at 1880
lS14c, and closed at TS14c bid; June sold at
sue, and closed at 1870 sellers. Cars on track
this morning, Is; car receipts for the week.
IL. Stocks here show an increase of 81 .03e
bushels.
MARRETT g. HUFFMAN,
307 JACKSON STREET,
GRAIN, PROVISION AND STOCK BROKERS.
Direct private wire to all markets. Prompt at.
tenuon given to orders by mail or wire.